An Empirical Analysis of the Peseta's Exchange Rate Dynamics.

The paper addresses the issue of the role of exchange rate jumps. The short-run dynamics of the peseta's effective exchange rate vis-a- vis OECD countries over the period 1974:1 - 1995:9 is estimated using a PPP-based error-correction model enlarged with additional terms allowing for the possibility of unusual jumps.

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Year of publication:	1996
Authors:	Ayuso, Juan ; Vega, Juan L.
Institutions:	Banco de España
Subject:	SPAIN \| EXCHANGE RATE \| CENTRAL BANKS \| MONETARY POLICY

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Series:	Banco de España Working Papers.
Type of publication:	Book / Working Paper
Notes:	30 pages
Classification:	E50 - Monetary Policy, Central Banking and the Supply of Money and Credit. General ; E58 - Central Banks and Their Policies ; F30 - International Finance. General ; F31 - Foreign Exchange
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005155238